TITLE:
Historic Wagon Wheel Motel on Route 66 for Sale
CONTROL:
Exclusive
VALUE:
$1,900,000
LOAN:
$500,000
EQUITY:
$1,400,000
TYPE:
Resort Property
HAVE:
Historic Route 66 motel with 19 rooms/suites. on 5.46AC
WEBSITE URL:
ADDRESS:
901 E Washington St, Cuba, Missouri
BENEFITS TO NEW OWNER:
Historic Hotel, Major profit upside,
GROSS SCHEDULED INCOME:
$190,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$190,000
EXPENSES:
$50,000
NOI:
$140,000
DEBT SERVICE:
$10,000
CASH FLOW:
$130,000
CAP RATE:
7.37%
REMARKS:
There is a major upside if new operator found. 50% occupancy would deem higher profits. Centennial is supposed to bring major business to the area for the entire next year.
COUNSELOR:
Joseph Dusch
Gundaker Commercial Group, Inc.
55 Westport Plaza Dr Suite 200
St Louis, , 63146
Phone: 6367285151
